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Watch for Bb&T Corp to Potentially Pullback After Gaining 1.16% Yesterday

By David Diaz

Bb&T Corp (NYSE:BBT) traded in a range yesterday that spanned from a low of $53.05 to a high of $53.40. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $53.01 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Bb&T Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bb&T Corp in search of a potential trend change.

Bb&T Corp share prices have moved between a 52-week high of $53.26 and a 52-week low of $40.68 and are now trading 31% above that low price at $53.21 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders bb&t corp

Ticker(s): BBT